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联邦快递（FDX）与台积电（TSM）财务数据对比。点击上方公司名可切换其他公司
台积电的季度营收约是联邦快递的1.5倍（$35.5B vs $23.5B），台积电净利率更高（50.5% vs 4.1%，领先46.4%）
联邦快递（FedEx）是总部位于美国田纳西州孟菲斯的跨国集团控股企业，主营业务覆盖运输、电子商务及商业服务领域。其品牌名FedEx源自原航空业务板块Federal Express的音节缩写，该原名自1973年启用，1994年集团正式统一使用FedEx作为品牌名称。
台积电是全球规模最大的专业独立半导体晶圆代工厂，总部位于中国台湾新竹，主要为无晶圆厂客户代工生产先进逻辑芯片，服务客户包括苹果、英伟达、AMD、高通和博通等，在3纳米、5纳米、7纳米等先进制程节点领域处于行业领先地位。
FDX vs TSM — 直观对比
营收规模更大
TSM
是对方的1.5倍
$23.5B
净利率更高
TSM
高出46.4%
4.1%
损益表 — Q2 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $23.5B | $35.5B |
| 净利润 | $956.0M | $17.9B |
| 毛利率 | — | 66.2% |
| 营业利润率 | 5.9% | 58.0% |
| 净利率 | 4.1% | 50.5% |
| 营收同比 | 6.8% | — |
| 净利润同比 | 29.0% | — |
| 每股收益（稀释后） | $4.04 | $111.55 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收FDXTSM
| Q1 26 | — | $35.5B | ||
| Q4 25 | $23.5B | $32.7B | ||
| Q3 25 | $22.2B | $30.7B | ||
| Q2 25 | $22.2B | $28.9B | ||
| Q1 25 | $22.2B | $26.0B | ||
| Q4 24 | $22.0B | $88.3B | ||
| Q3 24 | $21.6B | — | ||
| Q2 24 | $22.1B | — |
净利润FDXTSM
| Q1 26 | — | $17.9B | ||
| Q4 25 | $956.0M | $15.8B | ||
| Q3 25 | $824.0M | $14.0B | ||
| Q2 25 | $1.6B | $12.3B | ||
| Q1 25 | $909.0M | $11.2B | ||
| Q4 24 | $741.0M | $35.3B | ||
| Q3 24 | $794.0M | — | ||
| Q2 24 | $1.5B | — |
毛利率FDXTSM
| Q1 26 | — | 66.2% | ||
| Q4 25 | — | 62.3% | ||
| Q3 25 | — | 59.5% | ||
| Q2 25 | — | 58.6% | ||
| Q1 25 | — | 58.8% | ||
| Q4 24 | — | 56.1% | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
营业利润率FDXTSM
| Q1 26 | — | 58.0% | ||
| Q4 25 | 5.9% | 53.9% | ||
| Q3 25 | 5.3% | 50.6% | ||
| Q2 25 | 8.1% | 49.6% | ||
| Q1 25 | 5.8% | 48.5% | ||
| Q4 24 | 4.8% | 45.7% | ||
| Q3 24 | 5.0% | — | ||
| Q2 24 | 7.0% | — |
净利率FDXTSM
| Q1 26 | — | 50.5% | ||
| Q4 25 | 4.1% | 48.3% | ||
| Q3 25 | 3.7% | 45.7% | ||
| Q2 25 | 7.4% | 42.7% | ||
| Q1 25 | 4.1% | 43.1% | ||
| Q4 24 | 3.4% | 40.0% | ||
| Q3 24 | 3.7% | — | ||
| Q2 24 | 6.7% | — |
每股收益（稀释后）FDXTSM
| Q1 26 | — | $111.55 | ||
| Q4 25 | $4.04 | $98.45 | ||
| Q3 25 | $3.46 | $87.20 | ||
| Q2 25 | $6.81 | $76.80 | ||
| Q1 25 | $3.76 | $69.70 | ||
| Q4 24 | $3.03 | $1.36 | ||
| Q3 24 | $3.21 | — | ||
| Q2 24 | $5.92 | — |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $6.6B | — |
| 总债务越低越好 | $20.3B | — |
| 股东权益账面价值 | $28.1B | — |
| 总资产 | $89.2B | — |
| 负债/权益比越低杠杆越低 | 0.72× | — |
8季度趋势，按日历期对齐
现金及短期投资FDXTSM
| Q1 26 | — | — | ||
| Q4 25 | $6.6B | — | ||
| Q3 25 | $6.2B | — | ||
| Q2 25 | $5.5B | — | ||
| Q1 25 | $5.1B | — | ||
| Q4 24 | $5.0B | $64.9B | ||
| Q3 24 | $5.9B | — | ||
| Q2 24 | $6.5B | — |
总债务FDXTSM
| Q1 26 | — | — | ||
| Q4 25 | $20.3B | — | ||
| Q3 25 | $20.3B | — | ||
| Q2 25 | $19.2B | — | ||
| Q1 25 | $19.5B | — | ||
| Q4 24 | $19.4B | — | ||
| Q3 24 | $19.7B | — | ||
| Q2 24 | $20.1B | — |
股东权益FDXTSM
| Q1 26 | — | — | ||
| Q4 25 | $28.1B | — | ||
| Q3 25 | $27.8B | — | ||
| Q2 25 | $28.1B | — | ||
| Q1 25 | $26.7B | — | ||
| Q4 24 | $26.5B | $130.5B | ||
| Q3 24 | $27.2B | — | ||
| Q2 24 | $27.6B | — |
总资产FDXTSM
| Q1 26 | — | — | ||
| Q4 25 | $89.2B | — | ||
| Q3 25 | $88.4B | — | ||
| Q2 25 | $87.6B | — | ||
| Q1 25 | $85.0B | — | ||
| Q4 24 | $85.5B | $204.1B | ||
| Q3 24 | $86.7B | — | ||
| Q2 24 | $87.0B | — |
负债/权益比FDXTSM
| Q1 26 | — | — | ||
| Q4 25 | 0.72× | — | ||
| Q3 25 | 0.73× | — | ||
| Q2 25 | 0.68× | — | ||
| Q1 25 | 0.73× | — | ||
| Q4 24 | 0.73× | — | ||
| Q3 24 | 0.72× | — | ||
| Q2 24 | 0.73× | — |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $2.0B | — |
| 自由现金流经营现金流 - 资本支出 | $1.2B | — |
| 自由现金流率自由现金流/营收 | 5.1% | — |
| 资本支出强度资本支出/营收 | 3.2% | — |
| 现金转化率经营现金流/净利润 | 2.04× | — |
| 过去12个月自由现金流最近4个季度 | $4.3B | — |
8季度趋势，按日历期对齐
经营现金流FDXTSM
| Q1 26 | — | — | ||
| Q4 25 | $2.0B | — | ||
| Q3 25 | $1.7B | — | ||
| Q2 25 | $2.5B | — | ||
| Q1 25 | $2.0B | — | ||
| Q4 24 | $1.3B | $55.7B | ||
| Q3 24 | $1.2B | — | ||
| Q2 24 | $2.7B | — |
自由现金流FDXTSM
| Q1 26 | — | — | ||
| Q4 25 | $1.2B | — | ||
| Q3 25 | $1.1B | — | ||
| Q2 25 | $1.0B | — | ||
| Q1 25 | $1.0B | — | ||
| Q4 24 | $500.0M | $26.5B | ||
| Q3 24 | $420.0M | — | ||
| Q2 24 | $1.5B | — |
自由现金流率FDXTSM
| Q1 26 | — | — | ||
| Q4 25 | 5.1% | — | ||
| Q3 25 | 4.9% | — | ||
| Q2 25 | 4.7% | — | ||
| Q1 25 | 4.6% | — | ||
| Q4 24 | 2.3% | 30.1% | ||
| Q3 24 | 1.9% | — | ||
| Q2 24 | 6.8% | — |
资本支出强度FDXTSM
| Q1 26 | — | — | ||
| Q4 25 | 3.2% | — | ||
| Q3 25 | 2.8% | — | ||
| Q2 25 | 6.6% | — | ||
| Q1 25 | 4.5% | — | ||
| Q4 24 | 3.7% | 33.0% | ||
| Q3 24 | 3.6% | — | ||
| Q2 24 | 5.4% | — |
现金转化率FDXTSM
| Q1 26 | — | — | ||
| Q4 25 | 2.04× | — | ||
| Q3 25 | 2.08× | — | ||
| Q2 25 | 1.53× | — | ||
| Q1 25 | 2.21× | — | ||
| Q4 24 | 1.78× | 1.58× | ||
| Q3 24 | 1.49× | — | ||
| Q2 24 | 1.83× | — |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
FDX
| United States Ground | $9.2B | 39% |
| United States Priority | $2.8B | 12% |
| Other | $2.2B | 9% |
| Fedex Freight Segment | $2.1B | 9% |
| International Economy | $1.5B | 6% |
| Freight Revenue | $1.5B | 6% |
| United States Deferred | $1.4B | 6% |
| International Domestic | $1.3B | 5% |
| International Economy Freight | $582.0M | 2% |
| United States Freight | $304.0M | 1% |
| Other International Revenue | $240.0M | 1% |
TSM
暂无分部数据
